Brokerages forecast that KeyCorp (NYSE:KEY) will report $0.36 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for KeyCorp’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.38. KeyCorp reported earnings of $0.31 per share during the same quarter last year, which would suggest a positive year over year growth rate of 16.1%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, January 18th.

According to Zacks, analysts expect that KeyCorp will report full-year earnings of $1.31 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.33. For the next fiscal year, analysts anticipate that the company will post earnings of $1.50 per share, with EPS estimates ranging from $1.40 to $1.60. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow KeyCorp.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the business earned $0.30 EPS. KeyCorp’s revenue was up 13.7% compared to the same quarter last year.

KEY has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of KeyCorp in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $19.00 price objective for the company. Sanford C. Bernstein upgraded shares of KeyCorp from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $21.00 to $22.00 in a research note on Thursday, September 14th. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Robert W. Baird restated a “hold” rating and set a $18.00 price target on shares of KeyCorp in a research report on Friday, October 6th. Finally, Citigroup boosted their price target on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 9th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.97.

In other news, insider Andrew J. Paine III sold 46,854 shares of KeyCorp stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the sale, the insider now directly owns 110,052 shares of the company’s stock, valued at approximately $2,042,565.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Paul N. Harris sold 2,758 shares of KeyCorp stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total transaction of $51,133.32. The disclosure for this sale can be found here. Insiders have sold a total of 57,212 shares of company stock valued at $1,060,508 over the last ninety days. 0.65% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of KEY. Zions Bancorporation lifted its holdings in shares of KeyCorp by 2,277.5% during the 3rd quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 5,466 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in shares of KeyCorp during the 3rd quarter worth $132,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of KeyCorp during the 3rd quarter worth $145,000. Sun Life Financial INC lifted its holdings in shares of KeyCorp by 80,370.0% during the 2nd quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 8,037 shares during the last quarter. Finally, AllSquare Wealth Management LLC bought a new stake in shares of KeyCorp during the 3rd quarter worth $173,000. 81.23% of the stock is owned by institutional investors.

KeyCorp (KEY) opened at $19.13 on Friday. KeyCorp has a one year low of $16.28 and a one year high of $19.53. The firm has a market cap of $20,411.09, a P/E ratio of 14.38, a P/E/G ratio of 1.73 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.06.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be issued a dividend of $0.105 per share. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, November 27th. KeyCorp’s payout ratio is currently 36.84%.

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About KeyCorp

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

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Earnings History and Estimates for KeyCorp (NYSE:KEY)

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